Who Can Sell 529 Plans?
Representatives who have passed the Series 6, 7, or 52 are qualified to sell 529 plans. These representatives must be supervised by a person who has passed either the Series 51 or Series 53.
Exercise
Answer true or false.
- 1. True or false: A contributor is allowed to roll over a 529 college savings plan from one plan to another for investment reasons, as many times as necessary, without tax implications.
- 2. True or false: Because contributions to a 529 college savings plan are made with after-tax dollars, only those portions of nonqualified withdrawa